Abbreviated Company Accounts - BUZZTRAX LIMITED

Abbreviated Company Accounts - BUZZTRAX LIMITED

BUZZTRAX LIMITED - Company Information

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Registered Number 04680185

BUZZTRAX LIMITED

Abbreviated Accounts

31 March 2016

BUZZTRAX LIMITED Registered Number 04680185

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 19,328 15,985
19,328 15,985
Current assets
Debtors 36,031 48,288
Investments 37,524 3,503
73,555 51,791
Creditors: amounts falling due within one year (92,157) (74,950)
Net current assets (liabilities) (18,602) (23,159)
Total assets less current liabilities 726 (7,174)
Total net assets (liabilities) 726 (7,174)
Capital and reserves
Called up share capital 2 2
Profit and loss account 724 (7,176)
Shareholders' funds 726 (7,174)
  • For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 May 2017

And signed on their behalf by:
Simon Bishop, Director

BUZZTRAX LIMITED Registered Number 04680185

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents invoiced value of goods and services net of VAT and trade discounts

Tangible assets depreciation policy
Depreciation has been provided to write off assets over their estimated useful life at the following rates :
Plant and machinery 25% reducing balance
Commercial vehicles 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2015 68,276
Additions 9,828
Disposals (305)
Revaluations -
Transfers -
At 31 March 2016 77,799
Depreciation
At 1 April 2015 52,291
Charge for the year 6,445
On disposals (265)
At 31 March 2016 58,471
Net book values
At 31 March 2016 19,328
At 31 March 2015 15,985